Resolution of eurozone debt crisis could spell end to common currency

Catching the falling euro knife

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Will the euro survive in its current form beyond 2012?

Tim Haywood, GAM
The euro will survive, partly because the alternative is even more expensive than the cost of its survival and restructuring. There are clear benefits in terms of ease of cross-border trade, capital movements and freedom to travel. Few citizens outside of Germany want to revert to their former currencies with attendant higher interest rates. Most people dislike austerity and that is their real bugbear. Furthermore, there is n